Published on 10/12/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.01 million capped buffered return enhanced notes on indexes
Chicago, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% capped buffered return enhanced notes due Oct. 2, 2025 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 358.3% of the return of the worst performing index capped at par plus 54%. The payout will be par if the worst performing index declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $1,014,000
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Maturity: | Oct. 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 358.3% of worst performing index return capped at par plus 54%; par if worst performing index declines but by no more than 20% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 29,225.61 for Dow, 11,164.78 for Nasdaq, 1,674.931 for Russell
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Buffer levels: | 80% of initial levels
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Upside leverage: | 358.3%
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Cap: | 54%
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Buffer: | 20%
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Pricing date: | Sept. 29, 2022
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Settlement date: | Oct. 4, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.45%
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Cusip: | 48133NMS4
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